I'm an NRI investor with FundsIndia. I've just moved back to India for good. How do I change my investment status from 'Non Resident Indian' (NRI) to 'Resident Indian' (RI) with FundsIndia, and with all the respective AMC's?

Changing your investment status from NRI to RI is essential to maintain the right information in your investment records, and for taxation purposes. FundsIndia is happy to help you in this regard.

To change your resident status from NRI to RI, all you have to do is:

Open a Resident Indian Savings Bank Account.

Send us the following documents:

Your bank account proof– You can send us a cancelled cheque leaf from your RI bank account. However, your name must be pre-printed on it. If your name does not appear on the cheque leaf, then please send us any one of the following documents, along with your cancelled cheque leaf:- A self-attested copy of your bank statement (from one of last three months)- A self-attested copy of your bank passbook with some recent transaction entries

Your signed KYC Modification Form with your new address – You can access this form in the ‘Downloads’ section of your account. Besides the other details, please enter your new residency status in this form (Section C, Point 2).

Sign and submit a status change request letter to us - This letter should request for a change in your residency status, and bank account details. Please login to your FundsIndia account, and then click here to download a template of this letter.